|Day Low/High||62.67 / 63.61|
|52 Wk Low/High||31.11 / 64.92|
I used Friday's energy strength to ditch some Apache and Schlumberger, but will buy more Halliburton on a dip.
I'm not optimistic about Trump's infrastructure plan, but defense stocks, Halliburton and Schlumberger are another story.
Final hour of play in the period. VIX stable. Dollar stable. Ten year stable. Oil crawling to the finish line. Still equities struggle as soon as we get to 3 pm. The real signal will likely come at 3:45 when folks start gaming the closing imbalances...
The trading action Thursday and the third hour of Friday shows me the markets really are running on fear, opposed to greed.
Dollar rising. Entire commodity complex deep in the hole with equities. Even Gold, which you would think might as act as safe haven. At this point you are dealing with margin calls, as much as any volatility unwind. Margin calls have a negative impa...
S&P 500 hit resistance at 2620, which is precisely where it should be. Looking for support just below 2600. Crude testing support again as well. (See: Oil Prices Set to Stabilize, Then May Rally Again) Likely to add to my recent entry into Exxon Mo...
There is nothing wrong with Intel, Johnson & Johnson, 3M and Apple.
The free market is going to take back control of interest rates.
Maybe inverse and/or leveraged positions are perverse in nature.
The inverse VIX exchange-traded note should never have existed in the first place.
The stock market tried to rally on Monday only to see Friday's crash continue. What's up?
Remember there are two ways bonds impact stocks.
The Dow dropped more than 2.5% Friday.
It isn't the end of the world but it is time for investors to recognize peril not just profits.
Exxon Mobil's weak quarterly release coupled with a -$0.60 is weighing on , a large short of mine (recently put on). XLE is -$1.90 and trading at $73.70. (I started this short at $78 in late January, 2018) I am not covering this position.
Economic conditions seem to be improving for laborers. Perhaps rapidly.
Oil is trading near multi-year highs, so investors should take notice.
Stock futures pointed to sharp declines as Janet Yellen prepares to preside over her last meeting as head of the Fed. Here's what you need to know Tuesday morning.
Ultimately the 2-10 spread is a measure of the expected pace of economic growth.
Earlier today Walmart announced bonuses for its employees.
A rundown of the five worst performing stocks in the Dow Industrials.
Consider this story as your game plan for this suddenly revitalized group.